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Table: ...And Washington Has Some Concerns


MONTI'S DEFENSE:

WASHINGTON COMPLAINT: Monti favors competitors over consumers.

MONTI: That's a false dichotomy. More competition is good for consumers.

WASHINGTON: While Washington must prepare every antitrust case for court, Monti can rule by fiat, with few checks and balances.

MONTI: The Competition Commissioner has to convince other commissioners and member states. And the European court has teeth, though it takes up cases years after the decision.

WASHINGTON: Monti's staff is packed with zealous career regulators who have never worked in the private sector.

MONTI: Yes, but they're smart, they're pros, and--with the exception of GE-Honeywell--they've worked harmoniously with Washington.

WASHINGTON: Monti wants to hijack global antitrust, establishing European standards.

MONTI: Nonsense. The heritage of antitrust is American, and despite occasional differences, Europe is moving toward U.S. norms.

WASHINGTON: Monti is anti-business.

MONTI: From his university post in Milan, he was long a leading advocate of free markets in an Italian economy dominated by the state. He has served on the boards of leading companies, from Fiat to Generali.

WASHINGTON: Monti ignores economic analysis, tending to fall for worst-case scenarios.

MONTI: Why would an economist ignore economics? True, the analysis came out differently in GE-Honeywell, but in 98% of the cases, Washington and Brussels agree.


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